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Search Results 0 to 49 of about 180 (some duplicates have been removed)
ABC
Nov 11, 2012 7:00am EST
valley. what does a second term for president obama mean to the economy? i will talk to two former top presidential advisers and sea if they think we can avoid the fiscal cliff. how to stay safe and find the right sectors in the mark and jamie dienl of jpmorgan chase. regulation, policy and totoo bi to fail. the "wall street joual report" begins right now. >> here's a a look at what is making news as we head to a new week on wall street. if if toward thought they would get a bounce after the election, they thought wrong. president obama's second term victory was greeted with stocks worst day of the year. the dow fell 300 points on wednesday and triple-digits on thursday and and the markets were mixed on friday. bond rating agency moody's reiterated the possibility of a downgrade if america goes over the fiscal cliff but sasaid it would wa wait after budget negotiations. a downgrade will make it more expensive for the united states to borrow money. >>> superstorm sandy would provide an economic boost to the auto industry. 250,000 new and used cars may haveve been n ruined by sandy.
FOX Business
Nov 11, 2012 9:30am EST
strapped is that the economies are sluggish. it is four percent growth we don't have the problem. the issu that is it facing us in the past election is weather we are willing to pay for the government we need. we are cutting 20 billion from the california schools and that result necessary bigger classrooms and fewer teachers. the only small part of the short fall is it 10 billion or six-10 bilon made up through the taxings. are we willing to pay for the government that we need? in this case the school system. >> we have to run. ualian over spending was a big piece of the problem in california. you have three bankrupt. take a break. and lending a hand to victims of super storm sandy. from local communities to local businesses. the potential of yelp unlocked. nyse euronext. unlocking the worls potential. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. >> helping families pick up the pieces from sandy. fema is accused of dropping the ball. private workers and supplies are flooding in to help our fellow americans devastate
FOX Business
Nov 11, 2012 8:00am EST
unemployment rate under 5%, but a terrible economy and a terrible stock market. so, you want a natural unemployment rate to grow not with artificial constant perpetual government deficit spending and again, i think your our government can lower it over the next four years, that's not necessarily good for the country and the economy and the stock market. >> gary b. the question, does government drop and they grow or the private sector grow and where you get the true growth for the the economy? >> exactly, brenda, yeah, you showed in the graphic as we opened up the segment, that caterpillar, in this environment, you know, with things like sandy going on and things would be for casting job growth and hiring people, but instead they're laying off people and yet a long list of companies on that and the reason is, they see a sour economy. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it crowd out privat
CNN
Nov 11, 2012 12:00pm PST
economy are not. time to get to work. and there is lots of work to be done. it starts with averting this disaster of our own making. i repeat that. the fiscal cliff. we've got it covered from all angles as only cnn can. christine romans is host of cnn's "your bottom line." david walker spent a decade overseeing the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. hisfirm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff is an immediate threat. both parties need to come together to fix it, because not fixing it would set even fiscal conservatives back, don't you agree? >> yeah, and i think other conservatives agree that he don't want to go off this fiscal cliff, either. i think one hangup that will start on tuesday is the president will say, look, i was reelected to raise those tax rates on the rich, and you kno
FOX News
Nov 11, 2012 3:00pm EST
type of campaign at that romney ran. focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to what the party needs to do to regroup for 2 2 2 2 2 2 hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republi
FOX Business
Nov 10, 2012 11:00pm EST
challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in tas. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you know, this comes down to chime in. you have the fiscal cliff. what democrats want to do really -- what they want to do is use this mo
ABC
Nov 11, 2012 9:00am EST
much money in washington. what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have reve
CSPAN
Nov 10, 2012 10:00pm EST
happens. >> host: so, you refer -- a couple of powerful phrase, you refer to ours being a rigged economy. if you could explain more clearly. >> guest: well, in a competitive market, government would set the rules and as the germans do, with what they call -- adjust the rules as businesses figure out how to game the rules to have as level a playing field. because the market will figure out best how to outfit capital and who should succeed. but it's also a natural tendency in a capitalist market to good toward monopoly where a couple of successful firms get bigger and bigger and remove competition. and when that happened you get constitute typhic indication. you don't want to take risks. you just want to mind the market, do what economists call rent-seeking, which means earning profits greater than a market economy. when you add to that these rules and regulations -- in the book, every chapter, -- i'm sure you a reading thises you have not read in the news media. i show how again and again and again the market is being rigged. this is terrible for the national economy and explains why we'r
FOX News
Nov 10, 2012 11:00pm EST
on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to regroup for 2 2 2 2 2 2 >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. jason, a wonderful time of the the season, called recrimination. (laughter) >> otherwise known to journalists as shooting the wounded, which is our specialty, so, what, how much trouble is the republican party in? >> they're in a lot of trouble, the coalition needs t
NBC
Nov 11, 2012 6:30pm EST
, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness growing both in the markets and in corporate boardrooms. it's going to be a rough two months for the u.s. economy. >> reporter: and lester, as the clock ticks with the two sides still at odds, they'll try to take the first steps towards common ground on friday here at the white house when the president hosts the entire congressional leadership. >> mick viqueira, thank you. >>> tomorrow marks two weeks since sandy roared ashore here in the northeast, wiping out homes, leaving families with nowhere to go as they try to even think about how to pick up the pieces. a housing crisis that has the feds scrambling to help them. nbc's michelle frandsen is in staten island with more on that. good evening. >> reporter: good evening. this distribution center is the hub for this darkened neighborhood on staten island where people can come and get a hot meal an
CNN
Nov 11, 2012 6:00am PST
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CSPAN
Nov 11, 2012 3:50pm EST
are other issues on the economy. 70% to 20% said that they trusted the economy. that should not be their goal. their goal should be to hit the 40% level that w. was able to do. that will make them competitive. and they need to also created goal for blacks. they cannot conceive 97% of the black vote. start with 12%, 17%, something. they need to make inroads. is unrealistic to say let's go for hispanics. if they can get to the 38% range, they can be competitive. in the same way, we're talking about the democratic problem with whites. >> in 2013, there is a big deal. comprehensive immigration reform was taken off the table. how far does this get you with this next emerging electorate? what else does the party have to do to get back to the kind of numbers that bush saw? >> is a step in the right direction, but it is far from the whole thing. it is basically ronald reagan mindset that says we welcome anyone who shares our values and our desire for lower taxes. bill back and listen to some of ronald reagan's rhetoric. -- go back and listen to some of ronald reagan's rhetoric. in his fare
CSPAN
Nov 11, 2012 2:00am EST
weekend. >> this week, i called for action by both parties on a plan to help our economy grow and create jobs, which is critical to solving our debt. it's also critical to averting the so-called fiscal cliff, a combination of automatic spending cuts and tax rate increases that's just weeks away from taking effect. some have said that despite the risks, we should let our nation's economy go off part of the fiscal cliff in january, by allowing the top two rates to rise. they believe that doing that will generate more revenue for the federal government. but here's the problem with that. raising those rates on january 1 would, according to the independent firm ernst & young, destroy 700,000 american jobs. that's because many of those hit by this tax increase are small business owners -- the very people who are the key to job creation in america. i used to be one of them. this week, i offered congratulations to president obama -- along with an alternative to sending our economy over any part of the fiscal cliff. instead of raising tax rates on the american people and accepting the damage it w
CSPAN
Nov 10, 2012 11:00pm EST
contributions ranging from her analysis demonstrating even adjusting for the state of the economy those receiving food stamps it is that an all-time high. to another that we'll companies are not monopoly's controlled by a few but an important source of wealth and income for millions of average americans. whether clear markets coming tax notes or testified before congress she it is a powerful and detective voice. as you will agree after her talk. diana furchtgott-roth holds degrees from oxford university and were spurred college. she also served on the staff of the domestic policy council under george hw bush and his staff economist for the council of economic appraisers during the reagan administration. she it is also chief economist for of the department of labor and the author of women's figures the guide to economic progress. please join me to welcome senior fellow diana furchtgott-roth. [applause] >> thank you very much for that kind introduction. i am grateful you could be doing so many other things today but here you are listening to me talk about green jobs and there fallacy. i'd
SFGTV
Nov 11, 2012 1:30am PST
. >> yeah, definitely, it reflects the economy we have that we're blessed with both in san francisco and regionally. >> that's a very good report. i plan to spend more time reading it in even more detail and i may have >> very good. thank you. >> commissioner moore. >> i appreciate the reporting, like san francisco in the region, small part [speaker not understood]. there is the physical growth of the city. there is the population density, which affects much of the decisions we are making here. * tech difficulty there is job density. and the question i have for you is while you are speaking about san francisco population and compared to jobs in san francisco, the number i am interested in is how many san francisco residents are holding the jobs you are describing because that has a direct bearing on housing, particularly affordable housing because lots of the job growth is in new types of jobs. and [speaker not understood] there are lower paying jobs, but that correlation, i think, is of extreme importance for this particular commission and for that matter everybody else. because the gro
CSPAN
Nov 10, 2012 7:00pm EST
economy works. i mean, i'm learning stuff every day. i'm certainly not an economist, and i don't fully understand it at all, but, you know, there are small businesses that pay income taxes and, you know, if we go and we tax them as individuals, it's going to take money out of their business and, you know, they may have to lay people off. i mean, they may not be able to hire people. i mean, it's a huge -- the economy is very complex, but at the end of the day, like i said, you cannot -- i mean, you're going to run out of other people's money. host: according to this chart we have from the new york daily news and the tax policy center, the president is talking about ending subsidies for the oil industry in claims it would raise $40 billion. is this something that he party could live with? guest: i do not know. everything is on the table right now. like i said before, we have to find some common ground because we cannot continue down this road. so, you know, it is something that i have not seen that, but we need to, we have to put everything on the table and look at it all and hopefully f
CNN
Nov 11, 2012 4:00pm EST
to find some common ground. >> well, clearly the deficit is a drag in our economy and we can't continue to spend money that we don't have. i don't want p to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president but this is his opportunity to lead. >> i want to be clear, i'm not we hadd wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to accept any approach that isn't balanced. >> joining us now is a man who knows all about bipartisanship and compromise. former senator george mitchell is joining us. you were majority leader from 1989 to '95 during a time when senators and house members were actually friends. and i mean those on opposite sides of the party. so do you think the president and the house speaker's words this go around really will lead to some compromise or has a new page been turned here? are you encouraged? >> i'm hopeful about it. the day i was elected majority leader, the first person i called was bob
CNN
Nov 11, 2012 9:00am PST
had been engaged -- i'm not saying the campaign should have been run on them. the economy was obviously the major issue. but you can't take a crouching position if you're a member of a party that believes that all of our children should be welcomed into the world, for example, and protected by the law. >> governor, do you agree with that? >> well, i'd have to say that the republican party needs to decide whether it wants to win or lose going forward. >> and what do you think that would allow you to do? >> well, when we're talking about the party, we're losing. when we're talking about america, we win. so in embrace of all people, in articulation of a vision, people don't want to be moralized to, they don't want to be lectured to, they want to live their lives. they want an economy that works, jobs, opportunities, schools that educate the next generation. and they want to be left alone. and the sooner that we as a party can get around that and start preparing for the 21st century, which is really the discussion that we need to have, how you prepare for the most competitive year
SFGTV
Nov 10, 2012 4:30pm PST
counted as another job in the economy. so, you're right. it's important when you try to use this data to understand exactly what's in it, it's very gross measure. more importantly for us, we're sort of following the trend up or down. >> along those same lines, you start going into different professions and job descriptions and you do per capita income. again, it's important to know if someone is, you know, a single employer because oftentimes some of the lower paying jobs will be the fact that you may be getting the data from one of these jobs, not the multiple jobs that are -- because of the nature of the work it lends itself to having different employers. another thing i came up with here was the transportation piece. and i saw a huge number rider ship on the san bruno lines and historically the geary line was always the heaviest and the judah line for the light rail which remained real heavy, but i'm sort of surprised why the san bruno lines were as heavy as they are and that might be something we really want to look at for the future to see if there's anyway -- i know we'll h
MSNBC
Nov 11, 2012 5:00am PST
together to get things resolved, get the economy back on track. but, i think it's undeniable based on the results in the house, in the senate as well as the presidency that people are supporting the idea of a more progressive version of the government designed to stand-up for the middle class and that we are all in this together and people aren't on their own and shouldn't be on their own. i'm hopeful the republicans in the house of representatives will come to the conclusion they can't continue to stand by a hard line position of no compromise. the one thing i think is clear is the american people want government to work and that's going to require compromise. >> the american people want government to work. wanting it doesn't make it so. ed, you are an outspoken supporter to mitt romney and a donor to a super pac. >> yes. >> i can understand how you feel about the presidential election because the person you were backing didn't win. when you look at the senate and congress and how congress is going to work with the president, how you interpret or understand the election results? >
CNN
Nov 11, 2012 10:00am EST
economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> and we are back with ken duberstein, john podesta, and david gergen. john podesta, what does president obama do to ensure the united states does not fall off the fiscal cliff? you have already seen there's much debate about this and many people on the left, paul krugman in "the new york times" is saying do not make a deal just for the sake of making a deal, hold out and call the republicans' bluff. >> i think it was set up, one that was based on the president's argument. taxes needed to go up, particularly for the wealthiest americans. i think he has to stick with that. one thing he was clear about, he wasn't going to sign a bill with high end tax rates from the bush era. he's going have to negotiate with the republicans. if they have an ideal how to raise taxes from that group, i'm sure he's willing to
KRON
Nov 10, 2012 11:00pm PST
? also, republicans say that it will hurt the economy for the fiscal cliff. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay a little more in taxes. >> congress also has to figure out how to reduce spending on entitlements like social security, medicare. with the balance of power unchanged on capitol hill. a short-term deal that postpones the fiscal cliff appears to be the most likely scenario. >> we are going to see some temperatures with warmer weather on the way, coming up. >> san francisco make another of rest with the vandalism of a muni bus turned it giants world series a celebration. and emotional reunion in the coming of this kron 4 exclusive as they return from afghanistan. just in time for veterans day. and to just after the reelection. che facing-the fiscal cliff. >> san francisco police have made a third arrest in connection with the vandalism and arson of a muni bus. and during the giants world series celebrations. police say, this man a 24 year-old adam diaz of oaklan
NBC
Nov 11, 2012 10:00am EST
really wants to increase revenues because it does have a negative, detrimental effect on the economy. but in fact, that's the part of the bargain that you have to do. and we're at historic lows on revenues. so i've always agreed to it. i voted for the simpson-bowles, i've been part of the gang of six, gang of eight. i agree that we have to go there, but how we go there is very important in terms of the incentives for capital investment in this country. and we have do it in a way that does not diminish that. >> let me turn quickly to lessons from this election and where things go beyond this negotiation over fiscal matters. senator schumer, immigration. are we going to get comprehensive immigration reform? it sounds like, if you listen to the house speaker, they've had a chang of heart, they want a comprehensive plan. is there news to be made on this? >> yeah, i think so. senator graham and i have talked, and we have resuming the talks that were broken off two years ago. we had put together a comprehensive, detailed blueprint on immigration reform. it had the real potential for bipart
FOX
Nov 11, 2012 5:00am PST
saying mark you've known me a long time. it's what are the policies that are going to fix our economy which is the foundation of this nation? i disagree with some of the president's approaches. but there are issues even in the republican party where they have caused some of the problems. and instead of going after solutions we're having a fight in washington. >> we're going to talk about policy in a minute. i want to talk to you first, michael. you were there. you were at the epi center of this transfer of power. what was it like to be in chicago? >> it was exciting. i mean, people were talking about the enthusiasm gap. i said look. i do a lot of renewal of vows as a minister. and the second time around of course it's different. you know more about him. you know about her. you're a little bit more jaded. you ain't getting flowers every day. but the bill's being paid, baby got shoes and everybody good. so that's the renewal of vows obama. look, i'm out here doing my thing. and it was tremendous. it was electric. it was the understanding that this is a real choice in america between two
CBS
Nov 10, 2012 6:00pm PST
economy, change has come quickly to china, and next week, a new lineup of leaders will be chosen. bill whitaker is in beijing. >> reporter: by the time the people's congress ends next week, vice president xi jinping will be chine's new president. his job for the next decade? to keep this powerhouse economy growing and the communist party in power. i was last on assignment in china almost 20 years ago. a lot has changed in that time. i certainly have. who would have thought that a nation of more than a billion people, the most populous in the world... china has changed tremendously. back then, beijing was low rise with bicycles. beijing now is one big traffic jam with high rises to the horizon, designer shops seem to be on every corner. people here joke the crane is china's national bird. despite all these changes, actually because of them, the big story remains the same-- china's tremendous economic growth. the challenge for china's new leaders, to sustain growth in the face of staggering problems, rampant political corruption, a widening gap between rich and poor, choking pollution, a
PBS
Nov 11, 2012 3:30pm PST
won in a bad economy, with all that money, and they lost virtually every group. they even lost cubans in florida, which used to reliable vote. so you have to ask what does the republican party do next? but that is not my top priority frankly. >> don't broad brush it excessively. the republicans kept the house, the democrats kept the senate and the president, a democrat, kept the white house. that is a split verdict. >> beneath those numbers there was an earthquake john. >> oh, the hidden earthquake. nobody felt it? >> everybody feels it. >> nothing on the restrictter scale but there was -- on the scale. >>> when you think we had 23 million people unemployed and the worst in our history and he still carried it through. i would call it a landslide under the conditions he had to run. i think it was a decisive victory. >> it was on several counts. first the exit polling showed most of the voters did blame the economic problems on bush and they wanted to give obama more time to work on it. pretty significant considering expectations said just the opposite. >> do you remember how many peopl
FOX Business
Nov 11, 2012 2:00am EST
the consumer. will that halt a chance for a full recovery for our economy. i am david asbin. welcome to forbes on fox. we'll go to teave, and rick and victoria and morgan and elizabeth. stove is not repealing health care law hurt the recovery? >> it will hurt subis it notly. it will hit the bad pars and no coincidence after the election . taxes are going for individuals and businesses. do they dump the people on medicare and you will see another thing happen, fewer full-time yobs and not catching up in obamacare. >> rick unger, it is not just businesss and folks of businesses making over $150,000.ine those making $50,000 or more it will cost them money . it is going to cost and maybe it is good in the long run but it costs. >> the arguments remind me what we heard in the 60s when fica taxes were doubled to pay for medicare . we survived. you would not imagine calls i have had business owners and cancer survivors it is going to survive and now the law of the land. we'll talk about it in three years and not going to cost a yob. jobs are going to grow. >> is this a rick unger.
CBS
Nov 11, 2012 8:00am EST
one we talked about is where is the economy going, where is the budget i don't go? all the -- going? all the shifts will be impacted by what the leadership is going to do in cutting the bigger deals. you can have expectations about particular members what they do in a subcommittee, but in my view, the budget is going downward, because of being restricted by the -- >> i agree in principal on that, but what people are opposed to or in favor of in terms of reconciling ways and meanings, more people are opposed to defense cuts than limiting the mortgage interest rate deduction or cutting healthcare benefits. >> if you look at the issues on people's minds, and what's important to them, salience sir puppet the defense and foreign policy at the bottom. >> in term of leadership jobs, who reaces mccain. >> jim who have from oklahoma will move up. it is expected he will get the nod. >> on how will he lead differently? >> he cares about different issues. senator mccain has been focused on acquisition reform, better or worse, contractors -- and the role of contractors and manufacturers and the
FOX News
Nov 11, 2012 3:30pm EST
, keynesian response and stimulates the economy, and first term proves it doesn't work and if he does it again, there's no way he's going to get high growth. >> paul: and what political would you expect, to say, okay, this is a move to the middle. >> you can see how he responds to john boehner, said this week, signaled that he's willing to accept maybe the government will collect some more revenue, but let's not raise tax rate. let's get rid of deduction and benefits of simplicity there and thinking about trying to get economic growth. i think if the president responds by saying let's do a bipartisan reform instead of demanding trillions in new tax revenue, then i think that would be a good thing. >> paul: one of the thing boehner, my sources are saying, they would like to do is to get the president extend the bush tax rates for another year to avoid an immediate blow to the economy and time to negotiate a larger tax reform and entitlement deal. if the president insists, said, look, i litigated taxes in the election, tax rates are going up right away and automatically are and i'm going t
Search Results 0 to 49 of about 180 (some duplicates have been removed)